DGAP-News

TAKKT benefits from the good economic environment in the US

DGAP-News: TAKKT AG / Key word(s): 9-month figures
TAKKT benefits from the good economic environment in the US

30.10.2014 / 07:30

---------------------------------------------------------------------

TAKKT benefits from the good economic environment in the US

- Organic consolidated turnover increased by 5.4 percent in first nine
months of 2014 (against 9M/2013); increase of 1.8 percent in reported
consolidated turnover

- Gross profit margin sinks to 42.8 (43.7) percent, adjusted for the
contribution of Topdeq companies at 42.9 (43.5) percent

- EBITDA margin stable at 14.5 (14.5) percent

- Earnings per share up at EUR 0.78 (0.74) against previous year

Stuttgart, Germany, October 30, 2014. TAKKT was able to continue along the
growth path of the first half of 2014 in the third quarter. Driven by
stronger economic momentum, TAKKT's North American business developed
better than it did in Europe, where the economic indicators weakened in the
course of the year. Business developments were satisfactory in the core
market of Germany, the growth drivers were primarily in Southern and
Eastern Europe.

In the first nine months of 2014, TAKKT was able to increase consolidated
turnover organically (i.e. adjusted for currency effects and for the
phase-out of the Topdeq companies) by 5.4 percent against the previous
year's period. Felix Zimmermann, CEO of TAKKT AG, had the following to say
about the figures: "Despite the worsening economic situation in Europe, we
were once again able to achieve a very solid growth in the third quarter.
Business developments in North America were particularly pleasing, driven
noticeably by increasing demand from the public sector."

The reported consolidated turnover in the first nine months of 2014
increased by 1.8 percent against the previous year's period to EUR 726.1
(713.4) million. The difference between organic and reported turnover was
due in equal measure to the result of negative currency effects and also
the planned dissolution of the Topdeq companies that are not included in
the organic turnover. TAKKT grew organically by 7.2 percent in the third
quarter of 2014. The reported consolidated turnover climbed by 4.4 percent
to EUR 254.8 (243.9) million.

In the first nine months of 2014, the TAKKT Group's gross profit margin was
at a lower level than in the previous year's period at 42.8 (43.7) percent.
Adjusted for the contributions of the Topdeq companies, it would have been
42.9 (43.5) percent in the reporting period. The key indicator for the